A EUROPEAN DEFENSE FORCE: A COMPREHENSIVE APPROACH TO STABILITY AND PROGRESS. THE ECONOMIC PERSPECTIVE

Cristian Romeo Spătaru () and Cristian Constantin Popescu ()
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Cristian Romeo Spătaru: Department of Economics, The Doctoral School of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iași, Iași, Romania
Cristian Constantin Popescu: : Department of Economics, The Doctoral School of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iași, Iași, Romania

Annals of Faculty of Economics, 2024, vol. 33, issue 2, 203-214

Abstract: The EU is an undeniable economic and civil-normative power. Military force is a key element of “hard power.” Stability is a prerequisite for development, and a strong army is a guarantor of stability. This analysis will explore the advantages and challenges of establishing a common European army, focusing on available resources (cultural-historical, economic, and military). Success requires financial resources. We will emphasize the need for an opportunity to create a common army. There will be no lack of infrastructure, innovation, and defense technologies, along with the presentation of potential economic benefits. While external threats can speed up the process, a lack of consensus and slow progress in the CFSP hamper its realization.

Keywords: EU army; stability; hard power; security threats; economic integrations; strategies & defense policies (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:2:y:2024:i:2:p:203-214

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